Canadian Prime Minister Mark Carney says he's setting a goal for the country to double its non-U.S. exports in the next decade, saying Canada’s former strengths based on close ties to the United States have become vulnerabilities.
In many (if not most) sectors the Canadians have already seen a substantial switch to exporting to other regions. That’s why they have not seen a substantive decrease in exports despite the US tariffs. There are several sectors that are being held back because of other trade issues that the government has the ability to resolve and they’ve already been making friendly with several countries they were already having a variety of trade or political conflicts with under the previous government (China/India for instance). So the current administration absolutely has the power to help with this shift, which is economically wise.
In many (if not most) sectors the Canadians have already seen a substantial switch to exporting to other regions. That’s why they have not seen a substantive decrease in exports despite the US tariffs. There are several sectors that are being held back because of other trade issues that the government has the ability to resolve and they’ve already been making friendly with several countries they were already having a variety of trade or political conflicts with under the previous government (China/India for instance). So the current administration absolutely has the power to help with this shift, which is economically wise.